Grand Theft Auto 5 recently achieved yet another impressive feat to add to its impressive list of completed tasks. Take-Two Interactive announced in a recent investor call that GTA 5 has sold a staggering 175 million units. In addition, the new report revealed additional noteworthy information and updates that merit analysis. GTA 5 by Rockstar Games, had 170 million units sold as of November of last year. But, has since sold more than 5 million copies. One of the most well-known games in the world typically sells more than 5 million units each month. Also, has maintained this rapid pace throughout the release of the three console generations.
Take-Two announed that GTA 5 sold over 175 million copies
With 395 million copies currently sold worldwide, the franchise is also close to reaching the 400 million mark. In terms of both unit and dollar sales, GTA 5 has been the most popular game in the US for the past ten years. This is according to Take-Two Interactive. Grand Theft Auto 5 is recognized as the fastest-selling entertainment media product to cross the $1 billion sales threshold. So its success story is far from over. We can anticipate that before Grand Theft Auto 6 is released, its sales will increase and surpass the astounding 200 million mark.
Red Dead Redemption 2’s overall sales were mentioned by Take-Two Interactive during the investor call. The captivating title is now hailed as the second best-selling game in the US in the last five years based on dollar sales after selling over 50 million copies so far. Over 70 million units of the Read Dead Redemption series have been sold. Given the enormous new milestones and its sky-high sales figures, one might assume that Take-Two Interactive has managed to protect its legacy from the recent corporate waves of layoffs. That is not the case, though, and the well-known company is also making preparations to ensure future spending is lower.
They want to save money
However, according to Q3 quarterly earnings presentations for the fiscal year 2023 there is something sad. The enormous company is also looking to save $50 million by implementing a “cost reduction program.” The emphasis of the program will be on several crucial areas, including “publishing and corporate functions.” According to the report, the consumers “exhibited more cautious purchasing behaviors during the Holiday season.” It is also feeling the effects of the recent decline in consumer spending, which was evident during the previous holiday season in a number of significant global industries.
The recent global economic downturn has also impacted Take-Two Interactive, which has led to fewer customers purchasing its more recent titles. In addition to softness in recurring consumer spending, it stated, “We felt pressure on some of our newer releases that are in the early stages of building their player base.” Some gamers have hypothesized that Rockstar Games’ decision to postpone GTA 6 may be primarily due to the game’s unprecedented success. Nevertheless, the most popular rumors in the community suggest that Grand Theft Auto VI will most likely be released in late 2024 or 2025. Besides GTA 5 selling over 175 copies, we have more articles for you.
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